Insurance Industry

It’s a dilemma that many small rural hospitals face — how to continue operating as expenses increase while revenue streams, especially traditional Medicare reimbursements, decline. As Brock Slabach, chief operating officer at the nonprofit National Rural Health Association (NRHA), explains 152 rural hospitals have closed since 2010 and hundreds more are vulnerable to closure. The More

[Editor’s Note: Read part one of this story here.] While medication and other clinical errors are among the most common mistakes that result in claims, state laws limit their success, said Matthew Streger, a founding partner of Keavney & Streger in New Jersey “For example, in New Jersey, if the agency and its workers can More

Effective patient transportation is an essential part of any healthcare system to ensure individuals receive the care they need in a timely fashion. But when something goes wrong, the result can be tragic for everyone, including those who are not directly involved in the transport. From misdiagnosis and inappropriate treatment to motor vehicle crashes, there More

According to the American College of Rheumatology, orthopedic surgeons perform about 790,000 total knee replacements and 544,000 total hip replacements each year in the United States. These numbers are expected to rise as the population continues to age. Total joint arthroplasty or TJA is reserved for patients with degenerative joint disease for whom conservative treatments More

Artificial intelligence has impacted various areas of the medical professions — from the creation of discharge instructions and care plans and other administrative functions such as staffing to patient-facing customer service chatbots, translation services, medical record documentation and even clinical functions that assist with diagnosis in areas such as radiology. Although AI is still in More

Preverity, a provider of clinical risk analytics and patient safety solutions to better assess physician and surgeon risk factors, was the first Insurtech Company to provide analytics to medical malpractice carriers like Positive Physicians Insurance Company (PPIC). Founded in 2016, the Nashville, Tenn.-based business also partners with health systems and large physician practice groups to More

Managing medical professional liability (MPL) lawsuits and accurately pricing MPL risk are issues the industry has been grappling with for years. “Historically speaking, the premiums charged for doctors, physician groups and surgeons have been tied to three main metrics: A physician’s specialty, location of practice and the absence or prevalence of medical liability claims,” said More

Dennis Lansdowne, a partner at Cleveland-based Spangenberg, Shibley & Liber, who represents plaintiffs in HIE and other medical malpractice claims said the strength of the case on both standard of care and proximate cause, the demeanor of the witnesses and the jurisdiction all play a role in the decision to go to trial. “These cases More

Giving birth can be one of the happiest occasions in a woman’s life, but when something goes wrong in the delivery room leaving the baby, mother or both with a severe injury or worse, joy quickly turns to tragedy and medical malpractice claims are often not far behind. Each year thousands of babies are born More

One of the consequences of the COVID-19 pandemic era is the mass acceptance of telemedicine as a vital part of healthcare delivery, as it quickly transformed from a luxury service to a necessity for the last four years. But with the increased use of telemedicine comes an increase of exposure to malpractice lawsuits, especially with More

As M&A season begins, adjoining companies often get preoccupied with personnel issues, updates to executive and organizational charts, and deciding on division and corporate headquarters, while not paying sufficient attention to new insurance requirements and in particular creating a new or updated current directors and officers (D&O) policy. If your business is currently in M&A More

Private equity’s involvement in healthcare is increasingly influential, but its impact on senior care and other medical services is mixed, raising concerns among industry professionals. As private equity firms pursue varied strategies, their approach — whether investing in technology and improvements or focusing on cost-cutting — has significant implications for the industry. At the Crittenden More